At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
The certificate of authorization, effective from October 28, 2024, permits JPSL to manage digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007.
The report said it aims to raise up to $1.35 billion (around ₹11,700 crore) in this much-anticipated listing. The company received SEBI approval for its IPO in September.
Tchilinguirian expects geopolitical risk premium that had been built into oil prices to deflate rapidly with Brent heading back towards $74-$75 a barrel.
Adani Power's share price today opened flat but soon caught bulls' attention and touched an intraday high of ₹605.95 apiece on the NSE, logging over a 3% rise against the previous day's close.
The race between two of the world’s richest men, Elon Musk and Mukesh Ambani, is intensifying as they prepare to face off in India’s satellite broadband market.
Upon completion, GMR Group said it will use the proceeds of the transaction to refinance all external debt of GMR Enterprise Private Ltd (GEPL), the promoter of GAL.
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